Implementation Regulations for the Risk Spreading Mechanism of Residential Earthquake Insurance Article 3
The non-life insurers shall underwrite the residential earthquake risks in which the primary insurance policies shall be totally reinsured by TREIF.Risks assumed by TREIF pursuant to the preceding paragraph shall be spread by means of the following mechanism:1.First-tier liabilities are limited to NT$5 billion, and shall be assumed by a residential earthquake insurance pool (hereunder called the Pool).2.Second-tier liabilities are limited to NT$115 billion, and shall be assumed and spread by TREIF.The amount of liabilities assumed in each of the foresaid tiers shall be calculated on the basis of the insurance losses of each earthquake event. The insurance losses refer to the covered loss, contingent living expense and the claim handling expenses.The operating rules for the reinsurance referred to in paragraph 1 shall be jointly drafted by TREIF in consultation with the Non-life Insurance Association of the Republic of China (hereunder called NLIA) and implemented following the approval of the competent authorities. The same also applies to revision.
中文原文 住宅地震保險危險分散機制實施辦法第3條
財產保險業應承保住宅地震危險，其所承保之本保險應全數向地震保險基金為再保險。
地震保險基金依前項規定所承受之危險，應依下列機制分散：
一、第一層限額新臺幣五十億元，移轉由本保險共保組織（以下簡稱共保組織）承擔。
二、第二層限額新臺幣一千一百五十億元，由地震保險基金承擔及分散。
前項各層危險承擔限額，均以每一次地震事故保險損失金額為計算基礎。
所稱保險損失係指承保損失、臨時住宿費用及處理理賠所生之費用。
第一項再保險之作業規範，由地震保險基金會商中華民國產物保險商業同業公會（以下簡稱產險公會）訂定，報經主管機關核定後實施。
修正時，亦同。
地震保險基金依前項規定所承受之危險，應依下列機制分散：
一、第一層限額新臺幣五十億元，移轉由本保險共保組織（以下簡稱共保組織）承擔。
二、第二層限額新臺幣一千一百五十億元，由地震保險基金承擔及分散。
前項各層危險承擔限額，均以每一次地震事故保險損失金額為計算基礎。
所稱保險損失係指承保損失、臨時住宿費用及處理理賠所生之費用。
第一項再保險之作業規範，由地震保險基金會商中華民國產物保險商業同業公會（以下簡稱產險公會）訂定，報經主管機關核定後實施。
修正時，亦同。